July 28, 2015 - US bank Goldman Sachs bets big on Indian startup space; invests $100 million in online furniture brand Pepperfry.com

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Digital US bank Goldman Sachs bets big on Indian startup space; invests $100 million in online furniture brand Pepperfry.com U.S investment bank, Goldman Sachs Group Inc. is leading a $100Mn investment in Mumbai-based Pepperfry.com, an online home and furniture marketplace. As reported by WSJ. Digital What's making 2015 the 'year of the app' in India's e-commerce universe There is an app-craze sweeping India's consumer Internet world. Founders and CEOs have time only to sing praises of the mobile app and the growth it is dri Digital IT secretary Ram Sewak Sharma is the new TRAI chief The government has named Ram Sewak Sharma, currently the IT secretary, as the next TRAI chief, bringing in the popular 'software coding expert' Digital Online healthcare startup Zoctr gets $1 million in angel funding This is Zoctr's second fundraising. Retail Jewellers keep fingers crossed on gold prices Jewellers are keeping their fingers crossed about gold prices while pointing to two possibilities - a further fall or maintenance of status quo... Retail India's First Online Order of Lava Pixel V1 Delivered Within 2 Hours by the Mobile Store-FED The MobileStore Ltd. India's largest smartphone retailer has just launched the Lava Pixel V1 with AndroidOne through FED: Fastest Expert Delivery advantage by partnering with Google on (www.android.com/one/india/), where those looking to purchase the latest Lava pixelv1 online can buy it through The MobileStore FED Service that delivers the phone at your doorstep or your office within two hours. Retail Driven by Private Labels, Reliance Retail increases Revenue and Profits Driven by the growth in sales of private labels, Reliance Retail reported nearly 19% jump in profit before depreciation, interest and taxes (PBDIT) in the first quarter of current financial year 2015-16. In absolute numbers the PBDIT has increased from Rs 171 crores to Rs 203 crore. The revenues have also risen 17.5% to Rs. 4698 crore. Retail Pepperfry Raises $100 Million from Goldman Sachs, Others The fourth round of funding will be used to strengthen the companys logistics, technology platform, experience centres and marketing efforts. Telecom Get ready for faster, high-speed internet as Reliance Jio, Airtel race to roll nationwide 4G services Telecom biggies are clearly in a race to rollout nationwide 4G services.While Reliance Jio has said that it will roll out its 4G services by December, India's largest telco Airtel is on course for launch of its 4G wireless data service across 44 cities ahead of rival Reliance. This means that consumers will be spoilt for choice with high-speed internet at affordable rates. Telecom Another auction of telecom spectrum with 700 MHz band for 4G likely to be held soon DoT is planning another bumper auction of telecom spectrum that may even surpass record sales in March. Likely to be held early next year, this will include frequencies in the 2G, 3G and 4G bands. Spectrum in the prized 700 MHz band for 4G may also be on offer for the first time ever Telecom Idea decides to bridge gap with peers, to roll out 4G in 10 service areas next year The story goes that some months ago an investor expressed impatience with Idea Cellular's stance that the Indian consumer wasn't ready for 4G or next-generati.. Finance ICICI to sell Rs 1,000 crore NPAs from Tulip Telecom, Falcon Tyres to ARCs ICICI Bank has put two stressed assets with an exposure of Rs 1,000 crore on the block to be sold to asset reconstruction companies, market sources said today. Finance Pepperfry raises $100M from Goldman Sachs, Zodius & others Mumbai-based Pepperfry.com, an e-commerce marketplace for furniture, home decor and appliances, has secured $100 million in funding from Goldman Sachs Group Inc and Zodius Technology Fund. Finance RBS to sell private banking business to Sanctum Wealth The move to sell the private banking business comes a few months after the management decided to exit the Indian market Finance Axis Bank signs $200 million loan agreement with ADB Axis Bank signed a USD 200-million, seven-year bilateral loan agreement with the Asian Development Bank. Food/FMCG Marico CMO Satpathy resigns, Anuradha Aggarwal from Mondelez to take over The company said that Satpathy will continue in the company till September 15 to facilitate a seamless transition to his successor. Food/FMCG India showing improved consumer sentiment: Rakesh Kapoor, CEO, Reckitt Benckiser "The pickup in emerging markets was mixed with an improvement in consumer sentiment in some countries, such as India." Food/FMCG Pincon Spirit plans Rs 400 crore expansion PSL, which posted sales of Rs 602 crore in fiscal 2015, has informed shareholders that it would step up business volume in West Bengal, Karnataka, Odisha, Jha.. Food/FMCG Consumer Confidence in India Rises to 4-Year High: Nielsen According to global information and insights provider Nielsen, in the second quarter of 2015, Indias consumer confidence score rose to 131 followed by Philippines (122) and Indonesia (120). Software Lava to invest Rs 2,615 crore to set up two manufacturing units : Will have a combined capacity of 18 million handsets per month Domestic handset maker Lava will invest Rs 2,615 crore over the next seven years to set up two manufacturing units in the country, in line with the government.. Software Tech Mahindra may not be able to meet its forecast of $1.25 bn revenue run rate, says Vice-Chairman But achieving $1 billion revenue run rate by December is no problem, says Vineet Nayyar Software Cognizant tops ET's study of India's Top Recruiters with more than 192 offers at B-School campuses These numbers reflect what is easily the most aggressive MBA talent drive in the five years that the ET Indias Top Recruiters study is being conducted. Software Nasscom plans to help startups and connect them with tech giants Some of the world's biggest companies have come together to give Indian startups a leg up, under a programme launched by Nasscom. Ecommerce Flipkart closes Rs 4,500-cr fund round in big ecommerce race from existing investors including Steadview Capital Flipkart has closed a funding round of $700 million (Rs 4,500 crore) at a valuation of $15 billion, scooping up capital for the first time this year as the battle for dominance in the Indian online retail market heats up. Ecommerce Ola in advanced talks with investors to raise Rs 3,150 crore; imminent deal could see a steep hike in company's valuation to over $4.5 b New Delhi: India continued to lead the worldwide shopper confidence index, with the rating in the second quarter of 2015 reac Ecommerce Flipkarts f Qck to take on Amazons Kirana now; partners with logistics and delivery startup Roadrunnr For its new hyper-local business called 'f Qck', Flipkart has partnered with logistics and delivery startup Roadrunnr... Ecommerce Housing.com bags five awards at the prestigious National Award for Marketing Excellence hosted by CMO Asia for its Look Up campaign Real Time News, India Housing.com bags five awards at the prestigious National Award for Marketing Excellence hosted by CMO Asia for its 'Look Up' campaignReal Time News, IndiaHousing.com swept awards across five key categories including "Brand Excellence in e-commerce and Internet Business Sector", "Emerging Brand Award" and "Best New Brand, Product and Service Launch". Housing.com's 'Look Up' was also awarded "Marketing Franchise Thinking of franchising your business? Make sure to fully assure costs and prepare your business for franchising before committing - Franchise AdviceThere are many entrepreneurs who proudly claim that they started franchising their businesses without any money, but then later admit they would do things very differently (with a lot more planning and capital resources beforehand) if they had their time over again. HR Goldman Sachs leads $100-mn investment in furniture startup Pepperfry.com Largest investment raised by sector-focused e-tail player HR India eCommerce industry on a 'aqui'hiring spree Indian eCommerce industry, which is at its best these days, is 'aquihiring' these days and is looking for not just skilled people but innovative ideas as HR Accenture identifies employee engagement as crucial to organizational growth and development HR Rising income inequality strongly linked to decline of unions: IMF paper There is a marked decimation in the power of unions across the world as contractual, casual labour grows Logistics Agra roadways pitches for e-buses; will lower cost dramatically from Rs 25/km on CNG to Rs 7/km on an electric bus Logistics Live: Mumbai, Pune on high alert; curfew in Gurdaspur as terror attack leaves 11 dead In a dual terror attack in Gurdaspur, Punjab, early on Monday morning gunmen first attacked a state roadways bus and then entered a nearby police station and opened fire, injuring around 10 people. Logistics Truckers' stir completes 10 days: Govt to review freight charges in the mineral rich area of Sundargadh and Keonjar Districts The truckers' strike in mineral-rich Keonjhar and Sundargarh districts over freight price for mineral transportation entered the 10th day on Monday. Logistics Builders swell BMC's kitty by 12000cr in 3 yrs; this is the second largest source for the countrys richest Municipal corporation Builders are now virtually bankrolling the Brihanmumbai Municipal Corporation (BMC), the country's richest civic administration. Construction Bharti Realty ties up with Eros Group for building houses in Surajkund Bharti Enterprises' real estate firm Bharti Realty on Monday said it has tied up with Eros Group to develop a housing project at Surajkund. Construction West Bengal gears up for the Start Cities challenge Debashis Sen, principal secretary, Urban Development Department, Government of West Bengal talks to ET's Tasmayee Laha Roy on the state's smart city plans... Construction Oakland is sued by Real Estate Developers Over New Public Art Ordinance Real estate developers are suing the city of Oakland over a new law that requires them to set aside funds to commission and install public art in new residential and commercial buildings. The law — technically an amendment to the city's Construction Things you should check before investing in a retirement home There are several aspects to look at if you are considering investing in real estate for your retirement years. Marketing How Two Entrepreneurs Found A Way To Sell Sustainable Luxury In India : For Less What began as a simple ode to the old-world leisurely lifestyle that India once boasted, two female entrepreneurs have turned into an enterprise that is testament to the power of the country's e-commerce market, when they decided to dip their toes into the business of selling sustainable luxury. Marketing Honda, Hero prepare for final showdown : Report As Honda draws up aggressive plans to expand into the rural market, Hero MotoCorp is readying a new range of scooters Marketing New ventures take root as ecommerce players seek to tap mobile users : Report At least half a dozen ventures have emerged around the estimated Rs 94,500-crore Indian ecommerce industry, capitalising on its bid to fuel transactions on mo.. Marketing The $250 million YouTuber branding economy Oliver Luckett is a matchmaker, connecting puts young online stars together with brands. Politics Dr Kalam Was A True Indian And His Passing Leaves A Void That Can't Be Filled His dedication, love and commitment to the country was unparalleled. He was 110% an Indian. He was a great team builder and leader, and had this phenomenal ability to bring together people from different disciplines and enthuse them to work together. His contributions to India's space and various sensitive defence projects are tremendous. Politics Forensic tests show downed drone operated by India: Pakistan Army Politics Kalam's's death: TN to observe mourning for a week Politics Karnataka Lokayukta Son Arrested For Extortion Racket Karnataka's anti-corruption watchdog, or Lokayukta, long held as the model anti-corruption ombudsman, had a shattering fall from grace after Ashwin Rao, the son of the Lokayukta chief, Bhaskar Rao, wa Sports South Africa to play four Tests, five ODIs, three T20Is during 72-day tour of India In an era of truncated tours, South Africa will spend 72 days in the country playing four Tests, five ODIs and a three-match T20 series. Sports Suresh Raina leaves MS Dhoni-owned Rhiti Sports, inks Rs 35-crore deal with IOS Raina said he made the move because he wanted more focused attention on both his cricket as well as his commercials. Sports Shah Rukh Khan's Trinidad and Tobago Red Steel crowned CPL T20 2015 champions Shah Rukh Khan bought stakes in the CPL franchise in June. Sports Political tension puts India-Pakistan series in doubt Anurag Thakur, the BCCI secretary, has said that any bilateral series between India and Pakistan was unlikely until the political relationship between the two countries was stable Entertainment Would Drishyam be the third blockbuster in July Would Drishyam be the third blockbuster in July? - BollywoodHungama.com news. July has brought mammoth success to Bollywood with S S Rajamouli's Bahubali and Kabir Khan's Bajrangi Bhaijaan Entertainment Hang Tiger Menon not his brother Yakub tweets Salman Khan 'Hang Tiger Menon not his brother Yakub' tweets Salman Khan - BollywoodHungama.com news. Salman Khan, who has been in news with the success of his latest film Bajrangi Bhaijaan, stirred up a controversy late last night as he tweeted out in support of 1993 Mumbai blast accused Yakub Menon Entertainment Ajay Devgn to produce a film starring Kajol to roll in December Ajay Devgn to produce a film starring Kajol, to roll in December - BollywoodHungama.com news. Ajay Devgn is excited about the release of Drishyam but what the superstar is also looking forward to, is a series of films he will be shooting for and also his home productions Entertainment Kareena Kapoor Khan to play man of the house in R Balkis film Kareena Kapoor Khan to play man of the house in R. Balki's film - BollywoodHungama.com news. 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